Thu, Nov 26, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Asia Pacific Intelligence

New AIMA Hong Kong chairman focuses on establishing presence in China

Monday, October 08, 2012

Philip Tye, the new chairman of AIMA Hong Kong and founding partner and managing director of Dragonback Capital Limited, is focussing on supporting industry participants in developing AIMA's presence in China. "China is now at the stage where there are potential changes in regulation which could make hedge funds a growing part of the financial industry there" Tye said, in an interview with Asia Pacific Intelligence. "It's time that AIMA had a presence in China which will have to be built by industry participants in China and our role is to support them."

AIMA Hong Kong is currently the largest chapter in Asia with 165 members, and was set up some 16 years ago. Other focuses for the new chairman include working locally in Hong Kong to ensure that Hong Kong is promoted as one of the world's major financial centres. The Hong Kong government has put together a task force to promote Hong Kong. "We're on their side, as a major hedge fund centre it's important that AIMA does get involved and gives its opinions" Tye said.

A third area that concerns him is the development of the regional groups within AIMA. "We want to bring more emphasis on Asia with co-operation between the various Asian AIMA chapters" Tye said. AIMA has chapters in Hong Kong, Singapore, Japan and Sydney, Australia at the moment.

Tye's business, Dragonback Capital, is a hedge fund platform. Tye comments on the tough times that the Asian hedge fund industry is enduring. "It's very difficult at the moment" he says. "There is still some investment coming in but traditionally Asian hedge funds have relied a lot on European and North American investors and it is difficult to get that investment at the moment. We live in hope but there is no evidence of improvement yet. The numbers are well established, the statistics show that there has been a decrease in assets."

This article was published in Opalesque's Asia Pacific Intelligence our monthly research update on alternative investments in the Asia-Pacific region.
Asia Pacific Intelligence
Asia Pacific Intelligence
Asia Pacific Intelligence
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. Investing - BlackRock targets ETF investors with flexible currency hedging, Nelson Peltz bets on General Electric Company and Mondelez International, Apple plummets to 4th place among hedge holdings, from No. 1, Top Q3 equity purchases and sales of top 50 hedge funds[more]

    BlackRock targets ETF investors with flexible currency hedging From BlackRock Inc., the world’s largest asset manager, is changing course on exchange-traded funds that protect against currency volatility. After stressing the easy switch between hedged and unhedged ET

  3. BlackRock is shutting down its Global Ascent macro fund[more]

    Komfie Manalo, Opalesque Asia: BlackRock, the world’s largest asset manager, has announced plans to shut down a macro fund, Global Ascent Fund, because of "headwinds facing the industry". The hedge fund, which makes bets on stock, bond and currency markets, will return money to investors. Ac

  4. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  5. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega